St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-10-18
The COMMERCIAL RECORD
On the Chicago Board Of Trade the
Grain Markets Opened Practi-
cally Unchanged.
Wheat Started Steady, But Soon
Weakened, and the Prices
Fell Off.
Transactions in the Financial Circles
of Wall Street.-The General
Quotations.
Special to the Globe,

Special to the Globe.
CHICAGO, Oct 1.-THE market continued
quiet and without important change in prices
or position this morning. Cables were unln-
teresting. The tendency of wheat was
slightly upward first and the prices settled
back TO the opening range. Corn was weak
on the large receipts and eaSed Off fraction
ally. Provisions developed weakness in
mild way, and some interest in the deal was
displayed, but not enough to stimulate bust
ness greatly. This comprises, in brief, his
tory of the first uneventful hour; the scalpers
had the wheat market to themselves. They
sold it down first in anticipation of an in
crease in the visible supply of 100000 bu
Then they sold up on a reduction of this eS-
innate; when the figures came in the price of
December went TO 72lsc and May to 71ssc.
1t was announced that 800 900 bu went into
new elevators, which should have appeared
in this statement but which will appear next
week. The market thereupon worked off 1Sc.
On the whole trade was singularly destitute
of features of interest to the news-hunter or
trader. Fluctuations were very narrow and
whatever tendency was developed was in the
direction OF lower values. The shrinkage
amounted to about 1c. Receipts to Western
points are now averaging 700 to 500 bu
daily. and shipments from Eastern points
$4,000 to 100000 bu. Estimated receipts
at this point tomorrow: 225 cars of wheat,
go ears of corn, 276 ears of
oats and $4,000 head of hogs.
Corn was depressed by heavy receipts and a
dull shipping demand. the latter being due to
the small supply of vessel room. Hutchinson
was free seller of all the months October
and November were the weakest Oats were
shade off, suffering loss of 14c. There
was more disposition to sell provisions, and
a slight decline in all classes of products is
noted. Pork sold down 7l2c, ribs 2l2c and
lard sc. Closing prices were at the bottom.
The decline was in sympathy with
good trade in green hams Cash lard
sold at $3.50. Lake engagements reported
to-day: Wheat. 10000 bu; corn, &c 900 bu;
oats, $4,000 Blu. At the afternoon session
there was fair interest in the pits and wheat
and corn sold fractionally higher. Provis-
ions were unchanged. $50 p. IN. prices:
Wheat,October, 69a4c; November. 70s4c;
December, T2Ac; May, 77ssc. Corn-Octo-
Der, November and December, 4Ic; May,
445sc. Oats-October and November, 2534c;
December 256sc: May 29ssc. Pork-Janu-
Der and December, So. 1712; January. S6.25;
May, $685.. Ribs-October, S7.07l2; Jam
uary, S6.17l2@6.20.
THE ROUTINE REPORT.
CHICAGO, Oct. 1.-THE grain markets
opened this morning practically unchanged
from Saturday closing prices. Wheat started
steadd, but soon weakened on the SUPPOSE
ton that the visible supply statement would
show a larger increase than it did. and prices
fell off ssc. The pit, however, felt bullish on
general principles, and although the market
became heavy, the number of sellers was not
numerous. Receipts of wheat in the North
west were very large, and there was also
some increase at Chicago, but at other points
the receipts were not large. The aggregate
arrivals at twelve points were 100000 bu.,
SnnntV fipI1rpS
public at noon they showed about half
the increase expected; the increase was
given at 34S, 693 bu. The figures had no
perceptible effect except that many who
were waiting for them all morning afterward
went into the pit and made some show OF
trading. Cables showed only moderate for
72lsc, sold at 72Ac, declined to 717sc sold
at I21sc, reacted T2c. and closed at 72Ac.
Corn was moderately active, with the feel
ing weaker: The opening was about the
market was steady for time. then ruled
weaker. declining l2c for the near futures
and 14c for May, changed some and closed
ssc lower for near futures and 1sc for Nav
than Saturday closing prices. The large re.
celpts and the increase in the visible supply
of 761. 600 bu tended to create an easier feel
ing and offerings at times were quite free.
The stock here increased 9477O bu,
making the quantity now in store 9, 322.4I7
bu. May corn opened at 44l2c, ranged at
44I@44Asc, and closed at the latter figure
Oats were weaker, and there was decline in
prices, both for cash and speculative deliver
les. The arrivals were quite heavy, and
there was also liberal increase i'll the visi-
bic supply. More disposition to realize was
shown in the speculative market and the
sample offerings were in excess of the local
and shipping demand. November oats sold
at 25S40257sc and closed at 25s4c.
Provisions were traded i'll only moderately
and the feeling was easier. The receipts
hogs were moderately free, with prices favor
ing buyers. and there was a little more inclna
ton to sell products for future delivery. The
demand, however, was moderate and the re-
cord of transactions showed further slight
reduction in prices, the longer deliveries at
tracted most attention. The inquiry ON
shipping account was fair, and some increase
in business was reported. The receipts of
products were light and the shipments of all
kinds moderately free. Lard ruled weak,
and declined 2l2@5c per 100 lbs, and the
Short ribs dull and quiet at 2la@5c lower
especially on the longer deliveries. and the
market closed 9uiet. Mess pork ruled 5Gb7lac
lower, and closed quiet at $12.2O for Jan
uary delivery.
THE QUOTATIONS..
The leading futures ranged as follows:
Mheat-No eo October. opened at 69lsc
70s4c; December, 72lsc, closing at 72Ac.
2, october opened at 41c, closing at
6eeembr 4oc closing 4 closing Ella, at Mae Nae
44l2c, closing at 445sc. Oats-No. 2 October
opened at 26c, closing at 2514c: November,
2584c, closing at 25s4c: December 25I2c; May,
2952cii closing at 29ssc., Mess Pork, per
bbl-January opened at 1925, closing
at 1920. Lard, per 100 lbs-October
opened at S6.2212, closing at 1928; No
vember S6.17l2, closing at S6.17lh: Janu-
airy, S6.25, closing at S6.25; May S6.57I2,
closing at $685.. Short ribs, per 100 lbs
October opened at 81 O212. closing at s.. O7Ia:
January, S6.17l2, closing at S617I2.
Cash quotations were as follows: Flour
Prices unchanged and milers continue firm
in their views. Wheat-No. spring. 69lsM
69l2c: No. 3 spring, Csc: No. red. 71Iac
Corn-No. 2, 40l2c bid. Oats-No 9, 25S4c.
Rye-No. 2. 49l2c. Barley-No. 2, CSC
Flax Seed-No. l, S1.06a4. Prime timothy
seed 2.22. Mess pork, per bbl, 1925
@13.50: lard, per 100 lbs, So 80; short
ribs sides, 0oose) 500; dry salted shout
ders, (boxed) S5.60@5.7O; short clear
sides, (boxedl S7.2O@7.25. Whisky - Dis
tillers' finished goods per gal. Sl.1O. Sugar.
cut loaf, &c asked; granulated, 6s4c asked;
standard "A,' 6Ac. Receipts-Flour, Is, 900
bbls.; wheat, &c, 900 bu.; corn, 800 900 bu.
oats, 2Os, 900 bu. rye, 5000 bu.; barley, 70
600 Blu. Shipments-Flour, 21,OOO bbls
wheat, SO. 000bu. corn, 37S, 900 bu.; oats,
100000 bu.: rye 1000 bu.: barley, 90
900 blu. On the produce exchange to-day
the butter market was unchanged: cream
cry. 19@26c; dairy, 16@22c. Eggs were
firm at 17l2@1Sc for fresh laid.